MN Wealth Advisors LLC Buys 1,200 Shares of Paragon 28, Inc. (NYSE:FNA)

MN Wealth Advisors LLC grew its stake in Paragon 28, Inc. (NYSE:FNA) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,535 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. MN Wealth Advisors LLC owned about 0.10% of Paragon 28 worth $873,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FNA. JPMorgan Chase & Co. increased its stake in shares of Paragon 28 by 2,141.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 784,878 shares of the company’s stock worth $5,243,000 after acquiring an additional 749,865 shares in the last quarter. Stonepine Capital Management LLC bought a new position in shares of Paragon 28 in the 3rd quarter worth about $766,000. GSA Capital Partners LLP bought a new position in shares of Paragon 28 in the 3rd quarter worth about $386,000. Barclays PLC increased its stake in shares of Paragon 28 by 180.6% in the 3rd quarter. Barclays PLC now owns 84,812 shares of the company’s stock worth $567,000 after acquiring an additional 54,591 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Paragon 28 by 7.0% in the 3rd quarter. Wellington Management Group LLP now owns 694,799 shares of the company’s stock worth $4,641,000 after acquiring an additional 45,215 shares in the last quarter. 63.57% of the stock is currently owned by institutional investors.

Paragon 28 Stock Performance

Shares of FNA stock opened at $13.06 on Friday. Paragon 28, Inc. has a one year low of $4.65 and a one year high of $14.78. The company’s 50-day moving average is $11.24 and its 200 day moving average is $8.78. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -17.64 and a beta of 1.54. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50.

Wall Street Analysts Forecast Growth

FNA has been the subject of several research reports. Canaccord Genuity Group reiterated a “hold” rating on shares of Paragon 28 in a research note on Wednesday, January 29th. Stephens reiterated an “equal weight” rating and issued a $13.00 price target (down from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating and set a $13.00 price objective on shares of Paragon 28 in a research report on Wednesday, January 29th. Finally, William Blair downgraded shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.60.

Insider Activity

In other news, major shareholder Mvm Partners, Llc sold 72,133 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $10.16, for a total transaction of $732,871.28. Following the sale, the insider now owns 10,559,065 shares of the company’s stock, valued at $107,280,100.40. This trade represents a 0.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 300,192 shares of company stock valued at $3,135,086 in the last 90 days. 15.32% of the stock is currently owned by insiders.

Paragon 28 Profile

Paragon 28, Inc develops, distributes, and sells foot and ankle surgical systems in the United States and internationally. It offers plating systems, including gorilla plating systems, such as lisfranc, lapidus, lateral column, calcaneus slide, and naviculocuneiform (NC) fusion plating systems; baby gorilla plate-specific screws, navicular fracture plates, and 5th metatarsal hook plates; and silverback plating systems.